BitXmi Charts Overview
Charts on BitXmi
In the Exchange Tab on the BitXmi Website, there are 3 types of charts for traders:
Click on the “Full Screen” button to open the desired chart in full screen.
In the upper left part of the screen you can select the period you need:
1 min, 5 min, 15 min, 30 min, 4h, 1 day, 1 week, 1 month or Line mode.
BitXmi Original chart presents Japanese candles.
Among cryptocurrency traders, such charts are the most popular. Each “candle” on the chart shows the opening price, the lowest and highest price for a given period and the closing price.
The size and color of the body of the candle, the length of the shadow or wick show current trends and indicate reversals and future price movements.
The color of the candle shows whether the closing price was higher than the opening price (green) or lower (red).
Wicks or shadows, that is, thin lines coming out of the body of the candle up or down, show the lowest and highest price for the selected period.
TradingView chart is designed for advanced traders. In the upper left corner you can see the selected cryptocurrency pair and an additional set of tools.
The tool menu includes a choice of:
- Candles. Here you can choose a line chart, a chart of bars or candles.
- Indicators. You can select from the list or through the Search bar.
Indicators help traders to predict the price and the direction of its movement with a certain degree of accuracy. The calculations use price data that was a few seconds/days/months/years ago, turning them into indicators that are convenient for perception.
The result of the work of most indicators is the receipt of a specific signal for action – the purchase or sale of an asset.
- Chart properties. Here you can configure Style, Scales, Background, Timezone/Sessions.
The Depth chart shows the ratio of buy and sell orders. This allows you to evaluate the supply and demand in the market at the moment.
The green wall on the graph is buyers, the red wall is sellers. The current value of the cryptocurrency displays the lowest point of the chart.
To find out how much the purchase or sale of cryptocurrencies can affect the price change, move the cursor to any point on the chart.
Thanks to the ability to analyze cryptocurrency volatility with the help of charts, you can purposefully increase your profit on The BitXmi cryptocurrency exchange. If you still have questions write firstname.lastname@example.org.
Have a successful trade!
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.